Investment Uncertainty in the UK Power Market

Uncertainty about electricty trading policy in the UK has created a reluctance from companies and project developers for further investment until the reules become clear.
There are a number of unintended consequences related to shaking up the market making it hard to balance environmental and liberalisation agendas, and this book sets out what those issues are with possible policy solutions.

Aimed at Energy Policy makers around the world and liberalised markets Moving the Goal Posts addresses the significant reasons for hesitation in investment: political aims and manifesto promises; the views of the banks and project developers; the cost of greening the power sector e.g. the system costs of renewables; the impact on customer bills; the increased risk of a backlash and policy uncertainty and the potential role of increased interconnection with Continental Europe.

Looking at the benefits of energy liberalisation in the UK, its drawbacks, the policy lessons learnt and the likely future impact of environmental policies and political interference on the future shape of the UK energy market.